Renewable energy is revolutionizing the global energy markets; in fact, in some regions, renewables are growing so quickly that they are the leading source of new generating capacity. As a larger and broader group of investors embrace renewables and incorporate them into their portfolios, they expect these assets to be well-managed, generating a steady financial return. Many of these new investors are not investing because they are “green”; they are doing so because of the attractive yields offered by these assets. As a result, developers and project managers should expect an increasing level of scrutiny from these new investors, requiring them to take a closer look at how they manage O&M (operations and maintenance) in the field as well as how they deal with asset management in the office.
Over the next two weeks, leaders from around the world will convene in Paris for the United Nations Climate Change Conference, also known as COP21. This year, there is renewed, if cautious optimism about the possibility of a binding agreement among governments to act on this critical global issue.
But there’s another side to the climate change story that’s being written not in parliaments or at diplomatic summits, but in boardrooms and corporate executive suites.